News

Ex-UGA coach reaches proposed deal in bankruptcy - FOX News

06/23/12

ATHENS, Ga. – Former Georgia football coach Jim Donnan has agreed to a proposed bankruptcy settlement with a West Virginia company and investors who say the coach owes them $40 million lost in a failed Ponzi scheme. Court records show a ...

[more]

Ex-UGA coach Donnan reaches proposed bankruptcy settlement with firm in Ponzi scheme case - Minneapolis Star Tribune

06/23/12

ATHENS, Ga. - Former Georgia football coach Jim Donnan has agreed to a proposed bankruptcy settlement with a West Virginia company and investors who say the coach owes them $40 million lost in a failed Ponzi scheme. Court records show a federal ...

[more]

Ex-UGA coach Donnan reaches proposed bankruptcy settlement with firm in Ponzi scheme case - Washington Post

06/23/12

ATHENS, Ga. — Former Georgia football coach Jim Donnan has agreed to a proposed bankruptcy settlement with a West Virginia company and investors who say the coach owes them $40 million lost in a failed Ponzi scheme. Court records show a federal ...

[more]

Companies’ Ills Did Not Harm Romney’s Firm - New York Times

06/23/12

Cambridge Industries, an automotive plastics supplier whose losses had been building for three consecutive years, finally filed for bankruptcy in May 2000 under a mountain of debt that had ballooned to more than $300 million. Yet Bain Capital ...

[more]

Bankruptcy often finds people at their lowest point, and trustee Phil Martino sees plenty of mistakes and regrets - Chicago Tribune

06/23/12

Martino is one of about 30 Chapter 7 trustees in the U.S. Bankruptcy Court in the Northern District of Illinois. Instead, they either "reaffirm" the $200,000 they owe on a house now worth $100,000, or they roll the dice and hope that the bank ...

[more]

Bankruptcy Attorney Orange County CA Service Offered by Zhou & Chini, Bankruptcy … - YAHOO!

06/23/12

The firm’s new ad campaign is offering free consultations for individuals seeking representation from a bankruptcy attorney. Many residents are wondering if they qualify for chapter 7 bankruptcy, known widely as “liquidation” or “straight ...

[more]

Houghton Mifflin Harcourt Completes Financial Restructuring and Emerges From Chapter 11 - Business Wire

06/23/12

BOSTON--(BUSINESS WIRE)--Global education leader Houghton Mifflin Harcourt (HMH) today announced that it has completed its financial restructuring and emerged from its chapter 11 reorganization, 32 days after its initial “pre‐packaged” filing on May ...

[more]

Ritz Camera Files Bankruptcy Second Time in Three Years - Bloomberg

06/23/12

Ritz, based in Beltsville, Maryland, has about 1,960 employees. The case is Ritz Camera & Image LLC, 12-11868, U.S. Bankruptcy Court, District of Delaware (Wilmington). To contact the reporter on this story: Steven Church in Wilmington ...

[more]

Making Homeownership a Reality After Bankruptcy - 24-7PressRelease.com

06/23/12

One couple was able to purchase a home outside of Phoenix two years after filing for bankruptcy when they qualified for a loan backed by the U.S. government. Such success stories are becoming more common, highlighting how life after bankruptcy can involve ...

[more]

Bankruptcy trustee Phil Martino figures out how to slice up Giordano's assets so that pizza chain's creditors, bidders benefit - Chicago Tribune

06/23/12

That happens infrequently in bankruptcy court. Last month, the Giordano's case was converted to a Chapter 7 bankruptcy, which means what's left will be liquidated. The estate still holds $4.2 million in cash, and Martino estimates the case could ...

[more]